Crypto analyst Michaël van de Poppe says he is accumulating Bitcoin despite the market correction. He cites extremely negative investor sentiment, an approximately 20% correction, Bitcoin’s resilience, its relationship with its 200-day moving average and the growing divergence with the Nasdaq. A recovery of the $73,000–$73,200 area, followed by $75,000, would strengthen the bullish case and potentially open the way to $77,200. Conversely, a breakdown of the $69,500–$70,000 area could extend the consolidation, while a rapid rise could trigger the large-scale liquidation of short positions.
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